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HARRISBURG, Pa. — Ruling on a complaint brought by the state banking department, a state court Tuesday barred Advance America, the nation’s largest payday lender, from offering its $500 “Choice Line of Credit” requiring a $149.95 monthly “participation fee” and 5.98% interest rate.

In its decision, Commonwealth Court ruled the product violates the state’s Consumer Discount Company Act protecting borrowers from what it called “exploitive lending practices”.

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